Some European reinsurance rates rise by over 50% at Jan 2022 renewals
Reinsurers insure the insurers, and reinsurance rate rises are often passed onto insurers' customers.
Flooding in July in
In areas hit by natural catastrophes, reinsurance rates in
"Reinsurers have managed to achieve further improvements in pricing to build on the increases of the past 18 months," said
Some reinsurers cut their exposure to the region,
In
Natural catastrophes caused global insured losses of
Global property catastrophe reinsurance rates rose by 10.8% on average this year, reinsurance broker
(
(Reporting by